Soros Fund Management Investment Company, founded by financial giant George Soros, is optimistic about its long-term development based on the value storage capacity of bitcoin.

David Fitzpatrick, the company's chief investment officer, revealed that Soros was investing in cryptocurrency infrastructure and mentioned that bitcoin would no longer be a fringe asset in the future due to the rising inflation risk of legal currency "In the cryptocurrency market, in general, I think we are at a very important moment, because things like bitcoin may still be marginal assets. But in fact, in the past 12 months, our money supply in the United States has increased by 25%, so people are really worried about the devaluation of legal tender. "

However, Fitzpatrick pointed out that the pace of the central bank's digital currency (CBDC) will be faster than expected, especially the leading Chinese digital RMB, which may pose a threat to other cryptocurrencies.

She believes that China's active development of CBDC is very strategic, and the goal is to make digital RMB circulate in the world, but Fitzpatrick believes that this should not cause permanent damage to the stability of the bitcoin.

(2021-3-30)